M&A Programme Healthchecks
→ The underlying need for health checks (also known as assurance reviews)
→ The benefits of health checks
→ A health check framework – covering six key themes
→ Tools to use when conducting a systematic review of your programme(s)
→ How to scope and align your health check to the stage of delivery
→ How long should it take to conduct the health check
Why conduct a Healthcheck?
- To increase the chance of a programme delivering success.
- To receive advice, external challenge and an independent viewpoint.
- To increase visibility of likely process failure and major risks so that senior managers are aware and can mitigate.
- To review the effectiveness of the current processes and controls within existing programmes.
- To review existing programme management capability and prioritize areas for development.
- To conduct due diligence on the processes and controls applied to key programmes.
- To address the greater regulatory need to report on a broader range of governance and controls.
Typical situations for a Healthcheck
- Existing programme is failing to deliver results, overrunning and over spending.
- Senior executives or stakeholders need an accurate and objective assessment of whether or not a programme is being managed effectively.
- Previous history of programmes overrunning in terms of cost and time.
- Senior executives are concerned and frustrated with the organisations inability to deliver programmes.
- Absence of formal documentation surrounding projects and programmes.
- Lack of standardised project/programme management methodologies in use.
- Multiple, uncoordinated programmes.
Key Benefits of a Healthcheck
- Provides independent and objective verification on the health of a programme and the degree to which the programme is on track.
- Helps reduce likelihood of failure through the identification of ineffective processes, controls and risks to delivery.
- Provides a clear, prioritised checklist of areas for improvement.
- Addresses the need to demonstrate effective control and risk management both internally and externally.
- Provides accurate and detailed reporting which is not subject to internal bias for over-optimism.
- Onward requirements identified, such as capability building or programme turnaround.
–What our clients are saying about Programme Healthchecks–
“Conducting our integration health check was a really important way to reassure our board that we were going to deliver our deal objectives.”
“We had not delivered as much as we hoped from a number of previous deals, so we were looking for a health check to highlight key actions that could improve our chances of success in our current deal.”
“We did not have a reliable and consistent way to ensure that our integrations were set up for success, so we needed a rigorous health check framework to provide this capability. We use the same framework during initiation and mobilisation, as well as at regular intervals in the execution phase.”